Technically speaking, direct listings such as these are not IPOs in the traditional sense, but they are commonly referred to as such due to the fact that the result of becoming publicly owned, as opposed to privately owned, is ultimately the same. This particular listing has gained attention as Coinbase's valuation has recently been set…
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Alongside Arthur Hayes, charges were also made against co-founders Ben Delo, Samuel Reed and Greg Dwyer. Each of them was accused of violating the Bank Secrecy Act, as well as the conspiracy to violate the act as a group. Each of these offences will carry a maximum sentence of five years of prison time. Founders…
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Christian Reuss, Head SIX Swiss Exchange commented: When allocating their assets to crypto-currencies, investors are increasingly making the conscious decision in favor of the Swiss Stock Exchange as it offers crucial advantages like transparency, liquidity and fair as well as orderly pricing. With the new products from SEBA, investors have the comprehensive range of 79…
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The UK-based crypto firms now included under the new policy’s umbrella will be obliged to submit financial crime reports by the date specified by the FCA. The regulator first announced that these plans were taking shape in August last year, and stated that the upcoming policy was being refined in an attempt to take on…
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Reports have found that an average of 13.8K contracts in CME Bitcoin futures, which are equivalent to around 69K bitcoin, have been traded on a daily basis as of March 2021. Additionally, the recently launched CME Ether futures has witnessed trades of 767 contracts (the equivalent of 38.4K ether) on average per day since it…
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The CFTC said: While Reynolds represented that he would return all bitcoin deposits to customers of Control-Finance by late October 2017, he never did and instead retained the deposits for his own personal use. Customers lost most or all of their bitcoin deposits as a result of the scheme. The watchdog service found that Control-Finance…
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In January 2021, Igbara started to post videos offering to buy Bitcoin from his followers for prices around 3.5% to 5% above market value, justifying his generous offering by claiming that standard Bitcoin exchanges had limited the amount of the cryptocurrency he was able to purchase. To reassure victims of their transaction legitimacy, Igbara would…
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Environmental Backlash As the network expands, the time for analysing it also grow and with it, its energy consumption. According to the Cambridge Centre for Alternative Finance, Bitcoin currently consumes approximately 121.36 terawatt-hours (TWh) a year. This number is higher than the energy consumption of Argentina (121 TWh), the Netherlands (108.8 TWh), and the United…
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Reporting firms, including Crypto Facilities Ltd and CoinMarketCap OpCo, LLC, gained access to Coinbase’s transactional information through its Application Programming Interface. At the same time, the NYSE Bitcoin Index received it directly in transmissions from Coinbase. The order found that this may have resulted in a misleading, inaccurate, or false perceived volume and liquidity level…
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CAPEX.com’s crypto offer includes: Bitcoin Cash Bitcoin Spot Ethereum USD Ethereum EUR Litecoin USD Litecoin EUR Ripple Wasim Zayed, the Executive Director at Key Way Investments Ltd, the company operating CAPEX.com under its CySEC regulation, commented: Educating our clients sits at the heart of our strategy. We've always been bound to rendering the best knowledge…
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